Re: Gold collapsing. Bitcoin UP.

Quote from: brg444 on April 30, 2015, 03:14:44 AM

Quote

Today we announced a major step forward in the execution of our vision and product strategy. We've closed a new $50 million strategic investment round co-led by Goldman Sachs and IDG Capital Partners.

And for the first time, we're giving Circle customers the ability to hold, send, and receive US dollars as well as bitcoin -- instantly, securely, and with no fees. In addition to sending and receiving dollars, customers can also enjoy the benefits of the Bitcoin network without the risk of price volatility.

Quote

Dollar account balances held by Circle customers are FDIC-insured.

http://blog.circle.com/2015/04/30/new-circle-investors-new-us-dollar-account-features-china-horizons/

Interesting moves from Circle.

Goldman Sachs investment sure to raise some eyebrows

are you noticing a theme here? don't bother to really credit Bitcoin as the plumbing underneath enabling the intl transfer of dollar balances:

Circles robust support for Bitcoin also gets even better. If customers choose to hold dollars instead of bitcoin balances, they can still pay any person or merchant who accepts payment in bitcoin, without ever holding bitcoin themselves. Circle will handle instant conversion from dollars into bitcoin at the time of the payment. The reverse is also true: customers can accept bitcoin and expect Circle to convert it instantly into dollars in their Circle accounts. This gives customers the benefits of bitcoin payments without the risk of price volatility.

This way, customers can choose to view Bitcoin not as a new currency to replace the dollar, but as an Internet payment network that enables secure, instant, global and nearly free payments.